Global Macro Forex and Financial Market Education, Research and Analysis utilizing Elliott Wave, Fibonacci and Gann Forecasting Techniques -
Monday, April 30, 2007
Friday, April 27, 2007
The Missing Element
When it is all said and done currency trading is all about the human element and all too often this is the missing element when it comes to Forex training. The human element consists of two components each trader must completely understand:
1. Others traders in the market
2. Themselves
Price bars and candlesticks are merely graphical representatives of supply and demand of the market. And what or rather who is the market? Other traders! Whether they sit in a skyscraper in New York, an brokerage office in London or like me, a home office in Phoenix, the market is nothing more than other traders.
Understanding who these traders are, how they react to events and their potential impact on the marketplace is crucial. This is why we caution our student around market opening times and the impacts of news events.
The other, and more overlooked factor in the human element is us. In my prior life as a consultant, my job was to go into a company and address specific challenges. The most difficult component of my position was to collaborate for change when the company would not. Fear of change is a power human element.
It is difficult for each of us traders to take a critical look at who we are, understand our strengths and admit to our weakness, so that we can set a course to success. Self-Mastery is necessary for all traders to make that critical leap in their personal learning curve.
Forex Journey integrates all the components of creating and maintaining a results-orientated trading system by teaching self-mastery skills side-by-side with Forex strategy and money management techniques.
As a Success Coach to Traders and Entreprenueurs and Certified Hypnotist, I deal with self-mastery skills on a daily basis and can ensure you mastering yourself will not only improve your trading, it will improve your life!
Happy Trading!!
1. Others traders in the market
2. Themselves
Price bars and candlesticks are merely graphical representatives of supply and demand of the market. And what or rather who is the market? Other traders! Whether they sit in a skyscraper in New York, an brokerage office in London or like me, a home office in Phoenix, the market is nothing more than other traders.
Understanding who these traders are, how they react to events and their potential impact on the marketplace is crucial. This is why we caution our student around market opening times and the impacts of news events.
The other, and more overlooked factor in the human element is us. In my prior life as a consultant, my job was to go into a company and address specific challenges. The most difficult component of my position was to collaborate for change when the company would not. Fear of change is a power human element.
It is difficult for each of us traders to take a critical look at who we are, understand our strengths and admit to our weakness, so that we can set a course to success. Self-Mastery is necessary for all traders to make that critical leap in their personal learning curve.
Forex Journey integrates all the components of creating and maintaining a results-orientated trading system by teaching self-mastery skills side-by-side with Forex strategy and money management techniques.
As a Success Coach to Traders and Entreprenueurs and Certified Hypnotist, I deal with self-mastery skills on a daily basis and can ensure you mastering yourself will not only improve your trading, it will improve your life!
Happy Trading!!
Thursday, April 26, 2007
Forex Journey Website is Here!!
We hit the switch and Forex Journey Currency Training Webiste is Live!!
WHAT MAKES US DIFFERENT?
There is good Forex training and there's not so good currency training. I have seen it all. I am no different than most of you who got interested in trading the Forex market while deeply involved in another, unrelated career.
I did not learn at a broker, I learend from the environment I currenlty trade in today - home! Through books, seminar and online education, but mostly trial and error. There are hundreds, if not thousands of strategies out there for this market. Believe it or not most are generally good and just a derivative of basic trend-following or range-bound strategies.
So then, why is the failure rate of currency traders somewhere north of 90%?The answer lies with each individual trader! Forex trading, trading in all liquid markets runs counter to human nature and the human element must be integrated into every aspect of your trading. That what makes us unique.
We train our students from the inside out.The secret weapon in currency trading is right between your ears and we intend to harness that weapon to YOUR fullest extend!!
The Forex Journey Website which features:
Live Market Training
One-on-One Coaching
Personal Self-Mastery in Trading to Your Strength
Live Workshops
Online Web Semianrs and much more...
I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success in the market lies within.
The goal of our website is to teach traders to manage 3 Essential Elements of Forex currency trading: trading through sound strategies and approaches, master their emotions through identifying their unique trading personalities and trading to their individual strengths (no one size fits all here!) and lastly, through strong money management principals.
What makes us different? We put the trader at the center and craft success for the individual student.
We still maintain our recomemnded reading list over on our Lens. All proceeds from the Lens goes immediately to charity!
COMING SOON - A SPECIAL INTRODUCTORY OFFER FOR MY BLOG READERS.
STAY TUNED and Happy Trading!!
WHAT MAKES US DIFFERENT?
There is good Forex training and there's not so good currency training. I have seen it all. I am no different than most of you who got interested in trading the Forex market while deeply involved in another, unrelated career.
I did not learn at a broker, I learend from the environment I currenlty trade in today - home! Through books, seminar and online education, but mostly trial and error. There are hundreds, if not thousands of strategies out there for this market. Believe it or not most are generally good and just a derivative of basic trend-following or range-bound strategies.
So then, why is the failure rate of currency traders somewhere north of 90%?The answer lies with each individual trader! Forex trading, trading in all liquid markets runs counter to human nature and the human element must be integrated into every aspect of your trading. That what makes us unique.
We train our students from the inside out.The secret weapon in currency trading is right between your ears and we intend to harness that weapon to YOUR fullest extend!!
The Forex Journey Website which features:
Live Market Training
One-on-One Coaching
Personal Self-Mastery in Trading to Your Strength
Live Workshops
Online Web Semianrs and much more...
I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success in the market lies within.
The goal of our website is to teach traders to manage 3 Essential Elements of Forex currency trading: trading through sound strategies and approaches, master their emotions through identifying their unique trading personalities and trading to their individual strengths (no one size fits all here!) and lastly, through strong money management principals.
What makes us different? We put the trader at the center and craft success for the individual student.
We still maintain our recomemnded reading list over on our Lens. All proceeds from the Lens goes immediately to charity!
COMING SOON - A SPECIAL INTRODUCTORY OFFER FOR MY BLOG READERS.
STAY TUNED and Happy Trading!!
Friday, April 20, 2007
Forbidden Words
Words are one of the most powerful tools we use in our day-to-day lives, so consequently they hold the same power in our trading. They can penetrate our subconscious thoughts and reek havoc on our confidence. Part of your Forex Journey is to use words that will empower your trading and not chip away at your results.
The following words should be stricten from your vocabulary!
TRY - Replace with DO or DON’T. TRYING IS FAILING WITH HONOR! You are either going to be a success for trader or you are not going to be a successful trader. Decide today which one it is going to be!
CAN’T - There is no replacement for this word and should be abolished from your vocabulary permanently!
BUT - Replace with AND. Any thought that follows but is an excuse. The first rule about becoming a great trader is to accept full responsibility for the results of your trades.
Here are some other words that will disempower your trading. Bring power into your trading and your life by using these replacement words.
Don't Hope, Know!
It is not If, it is When!
You don't have Problems, we rise to Challenges!
Why doesn't solve anything, but Whats or Hows do!
Happy Trading!!
Don't forget to keep up with my Lens.
The following words should be stricten from your vocabulary!
TRY - Replace with DO or DON’T. TRYING IS FAILING WITH HONOR! You are either going to be a success for trader or you are not going to be a successful trader. Decide today which one it is going to be!
CAN’T - There is no replacement for this word and should be abolished from your vocabulary permanently!
BUT - Replace with AND. Any thought that follows but is an excuse. The first rule about becoming a great trader is to accept full responsibility for the results of your trades.
Here are some other words that will disempower your trading. Bring power into your trading and your life by using these replacement words.
Don't Hope, Know!
It is not If, it is When!
You don't have Problems, we rise to Challenges!
Why doesn't solve anything, but Whats or Hows do!
Happy Trading!!
Don't forget to keep up with my Lens.
Tuesday, April 17, 2007
Easy Math
Today we saw the British Pound sour above the 2.0000 level marking a breakthrough of a major psychological barrier. I have to admit that over the past several months I have cheated on my favorite currency pair in lieu of the Euro and Yen. I have to take a moment to reflect while the Pound sits at levels it has not seen in 15 years.
What does this really mean?
Has Sarbox regulatory constraints contributed to the raise of cable?
Has geo-political events ushered in a long term change against the USD?
Or has the change in central bank reserves been good for the pound?
Nah! What this really means is that it is now easy math for us Americans traveling to the UK. A pint of beer in the pub costing £3 can easily be converted to $6. Sweeeet!!
And easy math is this traveler's dream!
Happy Trading!!
Don't forget to visit the Forex Journey website and our Lens!
What does this really mean?
Has Sarbox regulatory constraints contributed to the raise of cable?
Has geo-political events ushered in a long term change against the USD?
Or has the change in central bank reserves been good for the pound?
Nah! What this really means is that it is now easy math for us Americans traveling to the UK. A pint of beer in the pub costing £3 can easily be converted to $6. Sweeeet!!
And easy math is this traveler's dream!
Happy Trading!!
Don't forget to visit the Forex Journey website and our Lens!
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